Worth reading
49Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Deterioration
Direction inferred from the company’s description.Scale
-83
¥100 million (year-on-year change in operating income)Wording
Conditional
How definitive the wording is.Contents of this document
Results presentationQ3 FY20268 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥2,324 100 million+0.2%
Operating profit¥160 100 million-33.9%
Ordinary income¥204 100 million-15.1%
Net income¥96 100 million-41.9%
Operating profit margin6.9 %
Results for the three months of the current quarter
Net Sales
¥760 100 million
Operating profit
¥47 100 million
Operating profit margin
6.2 %
Ordinary income
¥41 100 million
Profit attributable to owners of parent for the quarter
¥32 100 million
Full-year earnings forecast
Net Sales
¥3,000 100 million
Operating profit
¥200 100 million
Ordinary income
¥250 100 million
Profit attributable to owners of the parent
¥150 100 million
Operating profit margin
6.7 %
Annual Dividend
160 Yen per share
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Operating profit
Factors behind the increase
- Higher selling prices in the display business
- Increased sales volumes in the display business
Factors reducing profit
- Higher costs associated with conversion to all-electric melting facilities and periodic repairs
- Soaring raw material and fuel prices, etc. (including the impact of foreign exchange rates)
- Higher startup costs for glass manufacturing equipment for the Medical business
Non-operating Income and Expenses
Foreign Exchange Gains
Cumulative third quarter of the fiscal year ending December 2026¥16 100 million
Foreign exchange losses in the same period of the previous year
¥-24 100 million
Extraordinary Gains and Losses
Gain on sale of investment securities
¥68 100 million
Gain on sale of non-current assets
¥36 100 million
Business Structure Improvement Costs
¥-157 100 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Assumed Exchange Rates
- US$1 = ¥157
- €1 = ¥178
Economic outlookThe global economy is expected to remain uncertain due to factors including the situation in the Middle East
New initiatives
- Startup of manufacturing facilities for low-dielectric glass fiber
- Expansion of sales of new cooktop products
- Business restructuring at a US subsidiary
Segment results
Displays
Net SalesIncreased year on year (amount and rate not disclosed)
Electronic Devices
Net SalesIncreased year on year (amount and rate not disclosed)
Composites
Net SalesDecreased year on year (amount and rate not disclosed)
Medical, heat-resistant materials and construction
Net SalesBroadly in line with the prior-year period (amount and rate not disclosed)
Medium-term management plan targets
Target fiscal yearFY2028 December
DOE
Target3 %
Capital expenditures
Actual results for the fiscal year ended December 2025¥343 100 million
Annual Dividend
160 Yen per share
Acquisition of treasury shares
Amount
¥200 100 million
PeriodFiscal year ending December 2026, ongoing
Publication date6 February 2026
| Item | Details |
|---|---|
| Document type | Results presentation |
| Fiscal Period Covered | Q3 FY2026 |
| Net Sales | ¥2,324 100 million (YoY +0.2%) |
| Operating profit | ¥160 100 million (YoY -33.9%) |
| Ordinary income | ¥204 100 million (YoY -15.1%) |
| Net income | ¥96 100 million (YoY -41.9%) |
| Operating profit margin | 6.9 % |
| Results for the three months of the current quarter | Net Sales ¥760 100 million / Operating profit ¥47 100 million / Operating profit margin 6.2 % / Ordinary income ¥41 100 million / Profit attributable to owners of parent for the quarter ¥32 100 million |
| Full-year earnings forecast | Net Sales ¥3,000 100 million / Operating profit ¥200 100 million / Ordinary income ¥250 100 million / Profit attributable to owners of the parent ¥150 100 million / Operating profit margin 6.7 % / Annual Dividend 160 Yen per share |
| Segment results | Displays Net Sales Increased year on year (amount and rate not disclosed) / Profit Not disclosed / Electronic Devices Net Sales Increased year on year (amount and rate not disclosed) / Profit Not disclosed / Composites Net Sales Decreased year on year (amount and rate not disclosed) / Profit Not disclosed / Medical, heat-resistant materials and construction Net Sales Broadly in line with the prior-year period (amount and rate not disclosed) / Profit Not disclosed |
| Breakdown of Factors Affecting the Change | Operating profit Factors behind the increase Higher selling prices in the display business, Increased sales volumes in the display business / Factors reducing profit Higher costs associated with conversion to all-electric melting facilities and periodic repairs, Soaring raw material and fuel prices, etc. (including the impact of foreign exchange rates), Higher startup costs for glass manufacturing equipment for the Medical business / Non-operating Income and Expenses Foreign Exchange Gains ¥16 100 million / Foreign exchange losses in the same period of the previous year ¥-24 100 million / Extraordinary Gains and Losses Gain on sale of investment securities ¥68 100 million / Gain on sale of non-current assets ¥36 100 million / Business Structure Improvement Costs ¥-157 100 million |
| Assumptions Underlying the Business Outlook | Assumed Exchange Rates US$1 = ¥157, €1 = ¥178 / Economic outlook The global economy is expected to remain uncertain due to factors including the situation in the Middle East |
| Medium-term management plan targets | Target fiscal year FY2028 December / DOE Target 3 % |
| Annual Dividend | 160 Yen per share |
| Acquisition of treasury shares | Amount ¥200 100 million / Period Fiscal year ending December 2026, ongoing / Publication date 6 February 2026 |
| Capital expenditures | ¥343 100 million |
| New initiatives | Startup of manufacturing facilities for low-dielectric glass fiber, Expansion of sales of new cooktop products, Business restructuring at a US subsidiary |
Items this document does not state (14)
Gross Profit MarginSelling, general and administrative expensesProgress against full-year forecastSelf-assessment against the planKey KPIsUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookFinancial targetsPayout ratioOrders received and order backlogMarket Size / ShareKey points of the Q&A
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.For operating profit, higher selling prices and increased sales volumes in the display business contributed to higher profit, while the conversion to all-electric melting facilities, periodic repair costs, soaring raw material and fuel prices, and startup costs for glass manufacturing facilities for the medical business contributed to lower profit. Under extraordinary gains and losses, a ¥15.7 billion business structure improvement expense was incurred in connection with structural reform at the composite materials business's operations in Europe and the United States.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.